New 'core entity' feature in filing GST to curb fake bills menace

The GST Network (GSTN) has enabled a new feature that requires the taxpayer to select one core business activity on the GST Portal. Tax experts believe the idea behind the move was to stop unscrupulous businesses from taking Input Tax Credit (ITC) by showing high expenses (fake bills) on unrelated activities.  The taxpayer has to mention the core business on his profile page. There are three…